Episode 27 - Retiring Abroad in Ajijic and Chapala: Navigating Finances and Healthcare in Mexico with Nannette Thomas
Description
In this episode of Dream Retirement In Mexico podcast, hosts Risa Morimoto and Taniel Chemsian are joined by Nannette Thomas to discuss the intricacies of retiring abroad, specifically in Mexico. The conversation delves into maintaining ties to the US while residing in Mexico, including the importance of having a US address, managing US bank accounts, and handling US income. Nannette emphasizes the significance of setting up wills and trusts for individuals living abroad and recommends opening a Charles Schwab account to manage income while minimizing fees effectively.
Healthcare is a crucial topic, as Nannette discusses her experience with the Mexican health care system, including utilizing Medicare and purchasing a private catastrophic insurance plan. She underlines the necessity of having a plan in place for unexpected illness or death while living abroad, stressing the importance of comprehensive coverage and proper preparation. The episode also provides a detailed view of daily life in Mexico, exploring the diverse cultural experiences, adjustments to smaller town living, and the efficiency of services and infrastructure.
Nannette shares her personal living situation and the cost of living in Mexico, offering valuable insights into the lifestyle options available in the area. Listeners are treated to an informative and engaging discussion, offering practical guidance for those considering retirement abroad, particularly in Mexico. Nannette’s expertise and firsthand experiences provide a comprehensive understanding of the financial and healthcare considerations of pursuing a dream retirement south of the border.
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Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
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